MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Freight, a subsidiary of FedEx Corp. (NYSE: FDX), will increase
shipping rates by an average of 3.9%, effective March 31, 2014.

This rate change applies to eligible FedEx Freight® shipments
within the U.S. (including Alaska, Hawaii, Puerto Rico and the U.S.
Virgin Islands), between the contiguous U.S. and Canada, within Canada,
between the contiguous U.S. and Mexico, and within Mexico.

This rate change for FedEx Freight applies to shipments covered by the
FXF 1000, FXF 501 and other related series base rates. Additional
changes will include absolute minimum charges and accessorial rates and
charges. The FedEx Freight fuel surcharge will remain unchanged and is
one of the lowest in the LTL industry.

The new base rates, rules tariff and accessorial charges for FedEx
Freight will be available at fedex.com
on March 31, 2014. FedEx previously announced increases to shipping
rates for FedEx Express and FedEx Ground, which were effective Jan. 6,
2014.

About FedEx Freight

With corporate offices in Memphis, Tenn., the FedEx Freight Segment
includes FedEx Freight, a leading U.S. provider of LTL freight services;
FedEx Freight Canada, an LTL operating company serving most points in
Canada; and FedEx Custom Critical, North America's largest
time-specific, critical shipment carrier. FedEx Freight also serves
Mexico, Puerto Rico and the U.S. Virgin Islands. For more information,
visit fedex.com.

About FedEx Corp.

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with
a broad portfolio of transportation, e-commerce and business services.
With annual revenues of $45 billion, the company offers integrated
business applications through operating companies competing collectively
and managed collaboratively, under the respected FedEx brand.
Consistently ranked among the world's most admired and trusted
employers, FedEx inspires its more than 300,000 team members to remain
"absolutely, positively" focused on safety, the highest ethical and
professional standards and the needs of their customers and communities.
For more information, visit news.fedex.com.